![Crypto firm FTX owes over $3.1 bn to 50 largest creditors](https://images.assettype.com/fortuneindia%2F2022-11%2Fd41e5781-e6d2-481f-993c-00a1072461dd%2FGettyImages_1237125010_copy.jpg?w=300&q=95)
Crypto firm FTX owes over $3.1 bn to 50 largest creditors
The crypto firm, which until last month was a shining star among crypto investors and enthusiasts, collapsed dramatically, wiping off billions of dollars of customer deposits overnight.
The crypto firm, which until last month was a shining star among crypto investors and enthusiasts, collapsed dramatically, wiping off billions of dollars of customer deposits overnight.
Crises emerged after reports about shaky financial health of Sam Bankman-Fried’s FTX and its sister firm Alameda Research gained ground and led to a huge selloff, causing a liquidity crunch.